SOFIA (Bulgaria), July 22 (SeeNews) - Canadian gold exploration company Velocity Minerals said that it has received additional positive results from drill holes at its Rozino gold project in southeastern Bulgaria.
"Drilling at Rozino continues to discover significant gold mineralization adjacent to and underlying the deposit," Velocity said in a statement earlier this week.
Drill results have been received from recent drilling and from sampling of previously unsampled drill core.
"Results from ten new drill holes include six holes containing significant gold intersects, with highlights including RDD-233; 6.0m grading 7.25 g/t gold from 18.8 m, and RDD-234; 7.0 m grading 1.69 g/t gold, including 10.35 g/t gold from 1 m," the company said. "Sampling of previously unsampled drill core has returned intercepts from two drill holes with the potential to expand the mineralized envelope, with highlights including drill hole RDD-085; 15.5m grading 1.75 g/t gold from 115.2m."
In May, Velocity said that it found three large gold anomalies near Rozino, grading up to 28.2 g/t gold in outcrop.
Earlier this year, Velocity Minerals said that it is planning to complete up to 50,000 m of exploration drilling at its projects in Bulgaria in 2021, sharply up from 22,500 m of drilling done last year. Velocity is actively drilling at the Rozino, Obichnik and Makedontsi projects in Bulgaria.